Barbara Bako, Abuja.
The Securities and Exchange Commission (SEC) will on Thursday, August 6, hold an investor clinic in Abuja to educate investors and beneficiaries on the process of recovering unclaimed funds and inherited investments in the Nigerian capital market.
The programme, titled “Probate and Unclaimed Monies Awareness and Investor Clinic,” is part of a nationwide awareness campaign launched by the Commission in collaboration with Meristem Registrars and Probate Services Limited to enhance investor protection, improve financial literacy and boost confidence in Nigeria’s capital market.
Director-General of the SEC, Dr. Emomotimi Agama, said the initiative is designed to help investors and beneficiaries understand the procedures for recovering investments due to them while strengthening public trust in the market.
“Investor protection remains at the heart of the Commission’s mandate. Through this awareness campaign and Investor Clinic, we are bringing regulators and market operators together to help investors and beneficiaries understand the claims process, recover investments due to them and strengthen public confidence in the Nigerian capital market,” Agama said.
According to the Commission, many investors and beneficiaries remain unaware that they may be entitled to unclaimed funds arising from scheme considerations, return monies or inherited investments belonging to deceased relatives due to limited knowledge of the required documentation and claims procedures.
SEC said the one-day event, to be held at its Abuja headquarters, will bring together representatives of key institutions involved in investor protection, estate administration and capital market operations. Participants will receive educational sessions and practical guidance on the recovery process.
The clinic will also provide one-on-one advisory services through SEC officials, registrars and other capital market professionals on issues relating to unclaimed investments, share ownership, probate, share transmission and beneficiary claims.
The Commission encouraged investors with outstanding capital market claims, shareholders with unclaimed monies resulting from mergers, acquisitions or unallotted securities, beneficiaries of deceased investors, executors and administrators of estates, legal practitioners, investment advisers and prospective investors to participate in the free programme.
It advised participants to come with available supporting documents, including valid means of identification, share certificates, CSCS statements, dividend warrants, bank account details, probate or letters of administration, death certificates and other ownership documents. However, the Commission noted that attendees without complete documentation would still receive guidance on the requirements and steps needed to regularise their claims.
The SEC also urged members of the public to deal only with SEC-registered market operators, stressing that legitimate claims should be processed through approved channels. It reaffirmed its commitment to building a fair, transparent and inclusive capital market where investors are well informed, their rights are protected and confidence in the market continues to grow.
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